Non-Investment of NPS Fund

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..... Non-Investment of NPS Fund
News and Press Release
Dated:- 16-12-2011

Press Information Bureau Government of India Ministry of Finance 16-December-2011 18:57 IST A total amount of Rs. .....

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..... 971.48 crore, collected towards contribution for Government employees, from 2004 to March 2008, under the New Pension System (NPS), was credited to the Public Account of India. The institutional arc .....

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..... hitecture for NPS could not be operationalised by the Interim Pension Fund Regulatory and Development Authority (PFRDA). Therefore, the contribution for the Government employees under the NPS could no .....

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..... t be invested in the market. The funds were credited to Public Account and interest @ 8% p.a. was paid on the contribution. The establishment of institutional architecture by the PFRDA, based on obj .....

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..... ective and financial criteria, took some time, therefore, the question of conducting an enquiry does not arise. The interest @ 8% p.a. was paid on the contribution by the Government. This informatio .....

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..... n was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Lok Sabha today. DSM/Hb
News - Press release - PIB .....

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